Which of the following statements about the relationship between price elasticity of demand and type of firm is/are correct?

[UPSC CAPF 2025] #Economy

1. Perfectly elastic demand is associated with a competitive firm.

2. Perfectly inelastic demand is associated with a monopolistically competitive firm.

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🎲 Quiz 'Panchayati Raj (Test will cover important panchayati raj committees, objectives, emergence etc)'
🖊 40 questions · ⏱ 2 min

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The comparative advantage theory (CAT) is a trade theory that describes the basis of two nations engaging in trade.

Which one among the following statements regarding the theory is not correct?

[UPSC CAPF 2025]

(a) David Ricardo was the author of the CAT.

(b) The CAT is explained in the book titled On the Principles of Political Economy and Taxation that was first published in 1817.

(c) According to the CAT, the nation which does not have absolute advantage in any goods cannot benefit from trade.

(d) The two nations that engage in trade can gain from specializing in the commodity in which they have a comparative advantage.

Match List–I with List–II and select the answer using the code given below the Lists:

[UPSC CAPF 2025] #Books #Authors

List–I (Author)
A. John M. Keynes
B. Paul Samuelson
C. Amartya Sen
D. Abhijit V. Banerjee and Esther Duflo

List–II (Book)

1. Poor Economics
2. The General Theory of Employment, Interest and Money
3. Collective Choice and Social Welfare
4. Foundations of Economic Analysis

🎲 Quiz 'Subject - Geography Topic - Ocean currents (Cold and Warm currents)'
Channel - https://t.me/upsc_prelims_mcq_pyq_quiz
🖊 34 questions · ⏱ 2 min

Solve this Geography quiz on Ocean currents.

Important for all the upcoming prelims exams.

Consider the following statements about Nandini Sahakar Scheme :

[UPSC CAPF 2025] #C_A #Schemes

1. This scheme is aimed at assisting women cooperatives to take up business model based activities under the purview of the National Cooperative Development Corporation (NCDC).

2. There is no minimum or maximum limit on financial assistance.

Which of the statements given above is/are correct?

Which among the following statements regarding India’s services export is not correct?

[UPSC CAPF 2025] #Economy

1. India’s share in global services export has more than doubled, reaching around 4.3 percent in 2023 from 1.9 percent in 2005.

2. ‘Travel’ and ‘Transport’ services represent areas where India holds a relatively larger share in global export, at 10.2 percent and 8.5 percent respectively in 2023

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🎲 Quiz 'Vice President'
This questions will test the concepts on Election, Qualification, oath and affirmations etc regarding Vice President Channel - https://t.me/upsc_prelims_mcq_pyq_quiz
🖊 30 questions · ⏱ 2 min

Solve this Polity quiz on Vice president.

Important for all the upcoming prelims exams.

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Topic wise quizzes Navigation link

1) Greenhouse gases (23Q) - see here
2) Panchayati Raj (40Q) - see here
3) Ocean currents (34Q) - see here
4) Vice President (30Q) - see here
5) Chola Dynasty (29Q) - see here
6) Partition of Bengal & Swadeshi movement (35Q) - see here
7) Five Year Plans (40Q) - see here
8) Buddhist Councils (12Q) - see here

You can read, revise and come here to solve the pyqs on the same topic.